Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance

by Edward W. Frees, Glenn Meyers, Richard A. Derrig

Series: International Series on Actuarial Science

Subject categories
ISBNs
  • 9781107029880
  • 9781316722923
  • 9781316718728
Predictive modeling uses data to forecast future events. It exploits relationships between explanatory variables and the predicted variables from past occurrences to predict future outcomes. Forecasting financial events is a core skill that actuaries routinely apply in insurance and other risk-management applications. Predictive Modeling Applications in Actuarial Science emphasizes life-long learning by developing tools in an insurance context, providing the relevant actuarial applications, and introducing advanced statistical techniques that can be used to gain a competitive advantage in situations with complex data. Volume 2 examines applications of predictive modeling. Where Volume 1 developed the foundations of predictive modeling, Volume 2 explores practical uses for techniques, focusing on property and casualty insurance. Readers are exposed to a variety of techniques in concrete, real-life contexts that demonstrate their value and the overall value of predictive modeling, for seasoned practicing analysts as well as those just starting out.

  • Cambridge University Press; July 2016
  • ISBN: 9781316722923
  • Read online, or download in secure PDF or secure ePub format
  • Title: Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance
  • Series: International Series on Actuarial Science
  • Author: Edward W. Frees (ed.); Glenn Meyers (ed.); Richard A. Derrig (ed.)
  • Imprint: Cambridge University Press
Subject categories
ISBNs
  • 9781107029880
  • 9781316722923
  • 9781316718728

In The Press

Praise for Volume 1: 'With contributions coming from a wide variety of researchers, professors, and actuaries - including several CAS Fellows - it's clear that this book will be valuable for any actuary whose main concern is using predictive modeling in his or her own work.' David Zornek, Actuarial Review

Subject categories
ISBNs
  • 9781107029880
  • 9781316722923
  • 9781316718728